Booking options
£100
£100
On-Demand course
All levels
Unlock the world of numbers and financial wizardry with our Award in Accounting & Bookkeeping at QLS Level 2. Dive into the fundamentals of accounting, from decoding basic terms to mastering the art of bookkeeping.
Discover the difference between bookkeeping and accounting and understand the intricate web of assets, liabilities, and owner's equity. With our simplified approach, you'll be recording transactions and balancing the books like a pro in no time.
Learning Outcomes
Decode essential accounting terms.
Differentiate bookkeeping from accounting.
Understand the accounting equation.
Master the double-entry accounting system.
Record transactions with precision.
Grasp common business transactions.
Key Features
FREE QLS-endorsed certificate
4 Free CPD Accredited Courses with Free e-Certificates
CPD Accredited Hard Copy Certificates
Fully online, interactive courses
Self-paced learning and laptop, tablet, smartphone-friendly
24/7 Learning Assistance
Discounts on bulk purchases
Free Courses
Microsoft Excel
Microsoft Word, PowerPoint & Outlook
Fundamentals of Financial Accounting
Tax Accounting
What Will You Learn from This Course?
This course is your key to understanding the essential building blocks of accounting, from basic terms to mastering the art of bookkeeping. Whether you're a budding accountant or a small business owner looking to manage finances more effectively, this course provides the knowledge and skills you need to navigate the world of numbers with confidence.
Section 01: Introduction
Get acquainted with the world of accounting and bookkeeping.
Section 02: Basic Accounting Terms
Learn essential accounting terminology for a strong foundation.
Difference between Bookkeeping and Accounting
Distinguish between these crucial financial roles.
Accounting Equation - Assets, Liabilities and Owners' Equity
Understand the core equation that defines financial health.
Expanded Accounting Equation - Revenues and Expenses
Explore how revenues and expenses fit into the equation.
Transactions
Learn how to record financial transactions accurately.
Accounts
Understand the concept of accounts in accounting.
Accrual Accounting System
Discover the accrual method of accounting.
Double-Entry Accounting System - General Journal and General Ledger
Master the double-entry system and its components.
Recording Transactions
Acquire the skills to record transactions effectively.
Section 03: Common Transactions
Dive into everyday business transactions.
Credit Purchases
Understand the intricacies of credit-based purchases.
Cash Purchases
Learn how to handle cash-based purchases.
Credit Sales
Explore the world of credit-based sales.
Cash Sales
Master the art of handling cash sales.
Unearned Revenues
Understand unearned revenues and their impact.
Prepaid Expenses
Learn to account for prepaid expenses.
Unrecorded Expenses
Discover how to address unrecorded expenses.
Unrecorded Revenue
Explore the handling of unrecorded revenue.
Depreciation
Understand the concept of asset depreciation.
Types of Discounts
Learn about different types of discounts in transactions.
Discount Allowed
Understand the concept of discounts offered.
Discount Received
Explore the idea of discounts received.
Section 04: Practice
Apply your knowledge through practical exercises.
Section 05: Assignment
Complete assignments to reinforce your learning.
Certificate
Once you've successfully completed your course, you will immediately be sent a CPD Accredited PDF certificate. Also, you can have your printed certificate delivered by post (shipping cost £3.99).
After successfully completing the assignment, learners will be able to order a FREE QLS-endorsed certificate.
10 CPD hours / points Accredited by CPD Quality Standards
Aspiring accountants seeking foundational knowledge.
Small business owners wanting to manage finances.
Finance students starting their journey.
Individuals exploring bookkeeping as a career.
Entrepreneurs managing their own accounts.
Office assistants responsible for basic accounting.
Anyone curious about the world of finance.
Bookkeepers looking to refine their skills.
No prior degree or experience is required to enrol in this course.
Bookkeeper for Small Businesses.
Accounting Assistant.
Finance Clerk.
Office Administrator.
Small Business Owner/Manager.
Financial Analyst in Entry-level Positions.
CPD Accredited e-Certificate
Digital certificate - Included
CPD Accredited Hard Copy Certificate
Hard copy certificate - Included
You will get the hard copy certificates for Free! The delivery charge of the hard copy certificate inside the UK is £3.99 each.
QLS Endorsed Certificate
Hard copy certificate - Included
About Us